Malawi destination of investment: JB beckons foreign investors

The Malawi government is geared to create a conducive environment for both domestic and foreign business that would put Malawi in the top 100 countries attracting investors in the next five years, President Joyce Banda has said.

Speaking at the Malawi Business Forum held in Brussels on Thursday, the Malawi leader said her government is focused on healing and is in the process of reviewing all commercial and trade related laws to woe investors.

“Malawi has liberal investment policies that provide freedom to invest in any sector, allow for investors protection, repatriation of capital gains and equal treatment for both domestic and foreign investors,” President Banda said.

President Banda: Malawi the destination for investment

“I would like to invite fund managers, financial institutions and private corporations here present to seriously consider partnering with us. We want to create a growing and expanding market by entering into bilateral trade agreements with various countries, ” said President Banda.

Malawi Investiment and Trade Center (MITC) Chief Executive Officer Clement Kumbemba concurred with President Banda saying Malawi is open for investment to foreign investors.

He said the country has a lot of mineral deposits and natural resources that need investiment and government is ready to corporate with investors.

Kumbemba said, Malawi is at the heart of an attractive vibrant and fast growing part of the African region.

“We connect Southern Africa to Eastern Africa and will be an excellent base for a regional business.”

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